Krispy Kreme Gets Loan From CSFB, Silver Point
From Bloomberg News
Krispy Kreme Doughnuts Inc. will get a loan from Credit Suisse First Boston and hedge fund Silver Point Capital to avoid defaulting on its credit line, people familiar with the situation said.
CSFB is arranging the financing after the company’s lenders froze its $150 million in credit because Krispy Kreme didn’t meet a deadline to disclose earnings.
Shares of Krispy Kreme fell 20 cents to $8.43 on the NYSE.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
